Marc Lore sells Timberwolves and Lynx stake to Marc Stad at $4.5 billion
9 sources • 2 min read • Latest: Aug 21, 2026, 4:11 PM
Last updated Aug 21, 2026
Marc Lore is selling his controlling interest in the Minnesota Timberwolves and Lynx to Marc Stad for a valuation of $4.5 billion. Lore will retain a limited role but is stepping down as the team governor to focus on his food delivery business, Wonder. Alex Rodriguez continues as co-chairman and governor of the Lynx, while Stad's wife, Elisa, becomes the designated governor of the Timberwolves. The ownership transition reflects a reorganization rather than a complete overhaul, with promises to keep the teams in Minnesota intact.
- •Lore sells controlling interest to Stad while remaining a limited partner.
- •Stad has been a limited partner and is now the primary owner.
- •Rodriguez retains his role with the Lynx, who lead the WNBA standings.
- •Elisa Stad will serve as the Timberwolves' designated governor.
- •Plans for a new arena in Minnesota remain a priority for the ownership group.
- 4:29 PMESPN — Sources: Stad buys lead stake in T-Wolves, Lynx
- 3:36 PMYahoo Sports — Timberwolves Get New Controlling Owner In Blockbuster $4.5 Billion Deal
- 3:35 PMYahoo Sports — Marc Lore agrees to sell majority stake of Timberwolves, Lynx to Marc Stad
- 3:34 PMYahoo Sports — How Marc Stad and Marc Lore's ownership deal impacts Timberwolves and Lynx
- 3:07 PMYahoo Sports — Marc Stad buys controlling ownership stake in Timberwolves and Lynx from Marc Lore
- 3:01 PMYahoo Sports — Marc Lore selling controlling stake of Timberwolves, Lynx to Marc Stad at $4.5B valuation
"MINNEAPOLIS — Marc Lore is selling his controlling interest in the Minnesota Timberwolves and Minnesota Lynx to limited partner and Dragoneer Investment Group founder and managing partner Marc Stad at a $4.5 billion valuation, team sources told The Athletic, facilitating the NBA’s second abrupt ownership shift in a week. Lore will remain a part of the ownership group in a limited role, but he is stepping away from his role as governor to focus on taking Wonder, his food delivery and takeout busi
"The Timberwolves and Lynx will soon change hands of majority ownership … again. Marc Lore is selling his majority stake to Marc Stad, a source confirmed to the Pioneer Press. Stad is the founder and managing partner of Dragoneer Investment Group, per Forbes. Stad was previously a minority investor under Alex Rodriguez and Lore. Rodriguez is retaining his stake in the organization, as well as ...
"American businessman Marc Stad has completed a deal to become the controlling owner and largest shareholder of the NBA's Minnesota Timberwolves and WNBA's Minnesota Lynx, sources tell ESPN.
Sources
External links- ESPNAug 21, 2026, 4:29 PMSources: Stad buys lead stake in T-Wolves, Lynx
American businessman Marc Stad has completed a deal to become the controlling owner and largest shareholder of the NBA's Minnesota Timberwolves and WNBA's Minnesota Lynx, sources tell ESPN.
- Yahoo SportsAug 21, 2026, 3:36 PMTimberwolves Get New Controlling Owner In Blockbuster $4.5 Billion Deal
Marc Stad is set to take control of the Timberwolves and Lynx in a deal valuing both franchises at $4.5 billion.
- Yahoo SportsAug 21, 2026, 3:35 PMMarc Lore agrees to sell majority stake of Timberwolves, Lynx to Marc Stad
The Timberwolves and Lynx will soon change hands of majority ownership … again. Marc Lore is selling his majority stake to Marc Stad, a source confirmed to the Pioneer Press. Stad is the founder and managing partner of Dragoneer Investment Group, per Forbes. Stad was previously a minority investor under Alex Rodriguez and Lore. Rodriguez is retaining his stake in the organization, as well as ...
- Yahoo SportsAug 21, 2026, 3:34 PMHow Marc Stad and Marc Lore's ownership deal impacts Timberwolves and Lynx
The Minnesota Timberwolves and Lynx are undergoing a change in ownership structure and we broke down what it means for the two franchises.
- Yahoo SportsAug 21, 2026, 3:07 PMMarc Stad buys controlling ownership stake in Timberwolves and Lynx from Marc Lore
Marc Stad will keep Alex Rodriguez around as a co-owner of both teams.
- Yahoo SportsAug 21, 2026, 3:01 PMMarc Lore selling controlling stake of Timberwolves, Lynx to Marc Stad at $4.5B valuation
MINNEAPOLIS — Marc Lore is selling his controlling interest in the Minnesota Timberwolves and Minnesota Lynx to limited partner and Dragoneer Investment Group founder and managing partner Marc Stad at a $4.5 billion valuation, team sources told The Athletic, facilitating the NBA’s second abrupt ownership shift in a week. Lore will remain a part of the ownership group in a limited role, but he is stepping away from his role as governor to focus on taking Wonder, his food delivery and takeout busi
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